Title: The Problems in Constraint Mechanism for Board of Directors in China
Abstract: The complete constraint mechanism is indispensible for listed companies' board of directors in the efficient participation in company policy-aking and supervision. Since Chinese listed companies are now undergoing the precess of transferring from administrative governance to economic governance, there is not a powerful constraint for board of directors in terms of various external constraint mechanisms such as the market of company control power, product market and specialized director market, etc. This paper is intended to promote the efficiency of board of directors governance through knowing the governance conditions and strengthening constraint mechanism for board of directors.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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